The Numbers Are In: 46 Months to Clear the Distressed Housing Supply

By
Real Estate Agent with Bozeman Montana Real Estate .net
http://actvra.in/BpF

Standard & Poor’s Rating Services based on first-quarter 2012 data has produced its estimates. Regional procedural variations on judicial/non-judicial have provided much information on how much time is needed to clear the backlog of nonperforming loans.

“S&P includes in the shadow inventory all outstanding properties on which the mortgage payments are 90 or more days delinquent, properties in foreclosure, and properties that are REO. The agency also includes 70 percent of the loans that became current, or “cured,” from 90-day delinquency within the past 12 months because S&P says these loans are more likely to re-default.

 

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Rainmaker
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Elva Branson-Lee
CDPE - Atlanta Real Estate & Short Sale Agent
Solid Source Realty GA

Jenifer, I'm assuming that's a national average number. I hope it is not the projection for your particular market. That's a lot of backlog! Some markets will of course fare better, and some worse.

May 20, 2012 06:56 PM
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Rainmaker
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Jenifer Lower

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